Co-determination in corporate governance is the practice where management works closely with the workers/employees through work councils or employee representatives. By law, companies that hold more than 100 employees are allowed to make work councils for co-determination.
Co-determination applies to tier-1 and tier-2 level organizations only. In tier-1, representatives of employees or work councils sit in the board of directors meeting and employee-related issues are addressed with representatives consultation. The representative cannot dictate the board of directors for any decision unlike the representative of shareholders who can hold the voting right.
In tier-2, the representative of employees work in the supervisory position only. Through co-determination, conflicts between employees and management are avoided and better productivity is achieved.
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